This property has sold.

Details: Retail

Asking Price: $2,542,450

Square Feet: 510 SF

Asking Cap Rate: 6.00%

Year Built: 2023

NOI: $152,547

Lease Structure: Absolute NNN

SOLD – 7 Brew – Greenwood, IN

E County Line Rd, Greenwood, IN 46237

•Absolute triple net lease (Zero Landlord Responsibilities)

Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend

•Annual rent escalations, providing Inflation Protection

•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.

Excellent Trade Area adjacent to Costco, AutoZone, Walmart Supercenter, Kroger Marketplace and more

•Located on Costco Outparcel

Centrally located to several neighborhoods and multifamily developments

•2022 Population

•1 Mile – 7,102

•3 Mile – 78,229

•Located at Signalized Intersection on County Line Road

•County Line Rd has strong traffic counts with Over 30,000 VPD

This property has sold.